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ICICIDirect Vs Religare Broking: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect ranges between Rs. 20 while the brokerage of Religare Broking ranges between 0.05 to 0.50%. Both the brokers are Full Service brokers. ICICIDirect is having overall higher rating compare to Religare Broking. ICICIDirect is rated 4 out of 5 where Religare Broking is rated only 3.5 out of 5. Number of active customer for ICICIDirect is 18,75,186 where number of active customer for Religare Broking is 1,40,818. ICICIDirect is serving more customer compare to Religare Broking.

Here we present side-by-side comparison of ICICIDirect vs Religare Broking share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Religare Broking's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of ICICIDirect vs Religare Broking share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared ICICIDirect vs Religare Broking's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare ICICIDirect vs Religare Broking on Service

  ICICIDirect Compare
ICICIDirect
Religare Broking Compare
Religare Broking
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 18,75,186 1,40,818
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an...Know more about Religare Broking
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare ICICIDirect vs Religare Broking on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Religare Broking on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Religare Broking
Charges ICICIDirect Religare Broking
Trading Account Opening Fees Free Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 400 PA [Free for first year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Religare Broking on Plan Options

Plans are the most important feature you look when compare ICICIDirect with Religare Broking. This section compare on high level about type of plans offered by brokers. Multiple Plans - ICICIDirect provide Multiple Plans where Religare Broking doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare ICICIDirect with Religare Broking on Plan Options
Plan Types ICICIDirect Religare Broking
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Religare Broking on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

Brokerage Charges - Compare ICICIDirect with Religare Broking
Brokerage Charges Compare ICICIDirect Religare Broking
Plan Name NEO Flat Discount Brokerage Plan Religare One Brokerage Plan (Percentage Based)
Equity Delivery 0.55% 0.50% to 0.10%
Equity Intraday Flat Rs. 20 per order 0.05% to 0.01%
Equity Futures Free (Rs. 0 brokerage) 0.05% or 5 paisa
Equity Options Flat Rs. 20 per order Rs 70 Per Lot
Currency Futures Flat Rs. 20 per order 0.05% or 5 paisa
Currency Options Flat Rs. 20 per order Rs 30 Per Lot
Commodity Trading Flat Rs. 20 per order Futures: 0.05%| Options: Rs 30 per lot
Minimum Brokerage Rs 35 per trade 1p per share
Hidden Charges Yes Yes
Funding Yes - 18% interest PA Yes - 21% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 10 per order, Max rs 50 per segment per day
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 10 per order, Max rs 50 per segment per day
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Religare Broking
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Share Broker's Transaction Charges

Compare ICICIDirect vs Religare Broking on Transaction Charges

Compare ICICIDirect with Religare Broking on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect with Religare Broking
Transaction Charges Compare ICICIDirect Religare Broking
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for religare-broking
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Account Features

Compare ICICIDirect vs Religare Broking on Account Features

Compare ICICIDirect with Religare Broking on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where Religare Broking offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - ICICIDirect offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - ICICIDirect with Religare Broking
Account Features Compare ICICIDirect Religare Broking
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Religare Broking on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Religare Broking. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare ICICIDirect with Religare Broking
Trading Platform Compare ICICIDirect Religare Broking
Desktop Trading Platform Trade Racer OdinDiet and Power FnO
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://secure.religareonline.com/Login.aspx
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Religare Dynami
Mobile Trading App Demo ICICI direct Mobile Demo Religare Dynami Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Religare Dynami Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Religare Dynami Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Religare Broking
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Religare Broking
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Religare Broking
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for religare-broking

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Broker Ratings by Users

Compare ICICIDirect vs Religare Broking on User Rating

  ICICIDirect Religare Broking
  267 Customer Reviews    Rate ICICIDirect 56 Customer Reviews    Rate Religare Broking
Fees Ratings 2.4 3.2
Trading Brokerage Rating 1.8 3.2
Trading Platform Usability 3.3 3.0
Customer Service Ratings 2.9 2.9
Overall Ratings 2.5 2.9
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Religare Broking is Rated 2.9 / 5 based on 56 customer reviews
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Investment Offerings

Compare ICICIDirect vs Religare Broking on Investment Offerings

Compare ICICIDirect with Religare Broking on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Religare Broking offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Religare Broking doesn't offer

Investment Offerings - Compare ICICIDirect with Religare Broking
Investment Offerings Compare ICICIDirect Religare Broking
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs Religare Broking on Order Types

Order Type - Compare ICICIDirect with Religare Broking on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare ICICIDirect with Religare Broking
Order Type Compare ICICIDirect Religare Broking
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs Religare Broking on Customer Service

Compare ICICIDirect with Religare Broking on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare ICICIDirect with Religare Broking
Customer Service Compare ICICIDirect Religare Broking
24/7 Customer Service ICICIDirect vs Religare Broking - 24x7 customer support No No
Email Support ICICIDirect vs Religare Broking - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Religare Broking - Onine Live Chat No No
Phone Support ICICIDirect vs Religare Broking - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Religare Broking - Toll Free Number No No
Through Branches ICICIDirect vs Religare Broking - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Religare Broking - Customer Care Number 1860 123 1122 1860-25-88888
Account Opening Process ICICIDirect vs Religare Broking - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs Religare Broking - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Religare Broking - Knowledge Center/Education https://www.icicidirect.com/knowledge-center Not available
Head Office Address ICICIDirect vs Religare Broking - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Website ICICIDirect vs Religare Broking - Company Website https://www.icicidirect.com http://www.religareonline.com
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Tips/Research/Reports Published

Compare ICICIDirect vs Religare Broking on Research Reports, Tips

Compare ICICIDirect with Religare Broking on research reports and tips provided by the broker.

Research Reports - Compare ICICIDirect with Religare Broking
  ICICIDirect Religare Broking
Research Mutual Funds ICICIDirect vs Religare Broking - Research Mutual Funds Yes Yes
Research Equity Reports ICICIDirect vs Religare Broking - Research Equity Reports Yes Yes
Research ETF ICICIDirect vs Religare Broking - Research ETF Yes Yes
Daily Market Report ICICIDirect vs Religare Broking - Daily Market Report Yes Yes
Free Tips ICICIDirect vs Religare Broking - Free Tips Yes Yes
Quarterly Result Analysis ICICIDirect vs Religare Broking - Quarterly Results Yes Yes
News Alerts ICICIDirect vs Religare Broking - Yes Yes
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Demat Account

Compare ICICIDirect vs Religare Broking on Demat Account

Compare ICICIDirect with Religare Broking on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Religare Broking is ₹400 pa where for ICICIDirect is ₹700 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Religare Broking is ₹12.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with Religare Broking
  ICICIDirect Religare Broking
DP Source CDSL CDSL
DP ID ICICIDirect vs Religare Broking - DP ID 14300 30200
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹400 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Rs. 500/-
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹12
Demat ₹50 per set up ₹5 per certificate + ₹30 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹20 per certificate + ₹30 courier charges + CDSL Charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or ₹50 whichever is higher
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or ₹50 whichever is higher
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or ₹50 whichever is higher
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.02% of transaction value or ₹50 whichever is higher
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Religare Broking on Special Offers and Promotion

Compare ICICIDirect with Religare Broking on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs Religare Broking on Special Offers and Promotion
  ICICIDirect Religare Broking
Pay In and Pay Out Options ICICIDirect vs Religare Broking - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time ICICIDirect vs Religare Broking - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect vs Religare Broking - Bank Supported and Charges Info Not Available 21+ bank connected via payment gatway, Rs 10 fee for per transaction.
Bank Detail Direct from your ICICI bank account. RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

Detail Review...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

Detail Review...

Special Offers/Promo Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:34:26+00:00